The Welsh Government is to test its new powers under the Wales Act 2014 by putting forward proposals for a new Vacant Land Tax. The tax has been chosen because it ‘could help to incentivise more timely development, and because it could help prevent dereliction and aid regeneration’.

Michael Lawley, Chairman of Cooke & Arkwright warns of the unintended consequences ...

Commercial office lettings in Cardiff to the end of 2017 were up 3% year compared with 2016, according to new figures released by leading commercial property agent Cooke & Arkwright's office agency.

The data shows that total space leased in Cardiff to the end of 2017 was 703,926 sq ft, compared with 685,640 in the previous year. This is also an increase of 12% on 2015 and 23% on 2014.

An investment of more than one million pounds to rebrand and transform Brunel, the largest landmark office building in Cardiff city centre at 225,000 sq. ft., has been completed by the owner, Castleforge Partners.

A striking new external foyer has been created and a two-storey glass atrium now mirrors the extensive glazing of the building. The reconfigured entrance leads to a ...

Deganwy Marina on the Conwy Estuary in North Wales has been sold on behalf of The Crown Estate by joint agents Cooke & Arkwright to Lakeland Leisure Estates.

Developed in 2004, the marina is one of the finest and most modern in North Wales and is an important part of the leisure and tourism industry. Lakeland Leisure Estates has acquired the ...

Commercial property owners should be aware that the new Minimum Energy Efficiency Standards (MEES) which come into force on 1st April 2018 are likely to have a significant impact across the property industry, and some properties that are currently rated ‘E’ or higher, may be affected.

After this date, it will be unlawful to renew a lease or do a new letting on any non-domestic building in England and Wales which does not have a ...

The two Severn crossings passed into public ownership on Monday 9th January 2018 and the tolls have been reduced by removing VAT. The Secretary of State for Wales, Alun Cairns, also confirmed that the tolls will be scrapped altogether by the end 2018.

Michael Lawley, Chairman of Cooke & Arkwright says that the positive impact of the eventual removal of the tolls is likely to grow steadily over a long period ...

Accommodation in the commercial property market fills up quickly during the good times and South East Wales is no exception.

It seems a long time since we were trying to find occupiers for industrial and office buildings in the great recession and wondering how to mitigate the holding costs of business rates, maintenance and insurance. Since then, building values have risen and existing stock values have risen ...